Blockchain MIIT license
However, the relevant page of wbo shows that "this organization is not in consultative status with ECOSOC", which means that wbo has no affiliation with the United Nations
the above-mentioned instry insiders said that non-governmental organizations (NGOs) are non-governmental and autonomous, which means that they are independent of the government in system, and they are not part of the government system. It is unheard of for NGOs to engage in the business of license issuance and license issuance. The source said that there is a big gap with NGOs in terms of the types and contents of services provided by wbos, It's more like a government regulator
According to UN resolution 1296, if NGOs want to register in the United Nations, their members must participate in organizational activities in a democratic way, have a democratic decision-making mechanism, have arrangements of responsibility mechanism and transparency of decision-making process, And submit information on its budget and sources of funds to the United Nations According to the instry insiders, NGOs are still on the edge of the existing international system and have limited influence on major decision-making, but it is precisely because they can be registered in the United Nations that many organizations and indivials use them as endorsement toolsit is understood that as early as 2017, there was a similar NGO organization in China, named wadcc, which claimed to be an international organization at the first level of the United Nations and became the first global super sovereign third-party financial regulatory agency (NGO) under the economic and Social Council, Wadcc, like wbo, has no affiliation with the United Nations and is only registered with the UN Ministry of social economy
Zheng Xiaojun, chief economist of the world blockchain organization and President of the Caribbean blockchain Research Institute, introced the world blockchain organization at the tokensky blockchain conference in South Korea today. He mentioned that the Caribbean is the largest offshore area in the world, and a lot of international re export trade relies on the Caribbean for operation. However, 80% of the population in the region does not have bank accounts, and the financial infrastructure cannot be solved by traditional financial instruments. Therefore, the development and cooperation of blockchain in the world is very necessary
the MSB (money services business) license in the United States is a financial license supervised and issued by FinCEN (financial crime enforcement network, Department of the Treasury), The main regulatory objects are businesses and companies related to money services, including digital currency virtual currency transactions, ICO issuance, foreign currency exchange, international remittance and other businesses. Companies engaged in the above businesses in the United States must apply for MSB license to operate legally, which is the license that all companies operating digital currency business in the United States must have. Fire coin, coin security have this license to carry out transactions
of course, whether this license is suitable for you will only be known after a detailed understanding. After all, there are many kinds of licenses in the financial instry, so what are the advantages of applying for this license
1. Get investor approval
2. Get authoritative approval
3. Provide diversified services
4. Become a first-line trading platform, which is the standard configuration of the mainstream exchanges
At the tokensky blockchain Conference on March 14-15, Zheng Xiaojun, director general of wbo, mentioned that the wbo licensing authority will issue three types of licenses: digital asset operation license (for ordinary digital asset companies), digital asset trading license (for digital currency exchanges, etc.) and ICO license (for ICO only projects, companies, etc.)
it is understood that the world blockchain organization is a non-governmental organization registered by the United Nations Economic and social affairs agency. Its purpose is to become a major international intergovernmental organization in the blockchain instry and provide another method and means to solve the financial problems between countries and regions by promoting the cooperation of the blockchain world
at present, wbo has more than 400 members and institutions, including nine offices including the licensing authority, to operate blockchain policy research, legislative promotion, standard formulation, evaluation and certification, conferences and exhibitions, training and ecation and other activities
the wbo with endorsement from international organizations will issue licenses related to digital cryptocurrency and blockchain, which may provide clearer guidance on supervision and practice at the national level, and bridge the cooperation between countries
as a financial technology leader, the United States discussed cryptocurrency, ICO and whether the existing regulatory framework is sufficient to protect investors at the recent congressional cryptocurrency regulatory hearing. Many of them agreed that the regulatory authorities should clarify the legal status of encrypted assets, and ensure that the relevant processes comply with the law while helping entrepreneurs to innovate
No matter what the result is, the measures taken by these important organizations and governments show that they will not sit back and watch the currency circle and chain circle go disorderly
it is worth noting that on March 11, the blockchain instry alliance of China Hi Tech Instrialization Research Association also announced that it has officially joined the ranks of wbo sponsors, and Zhu Tao, chairman of the alliance, is also the deputy director general of the world blockchain organization. With the issuance of internationally recognized licenses, will China's policies be relaxed
Digital currency financial license generally refers to the license to operate digital currency related business in a certain country or region. Having a digital currency finance license means that the institution can conct business and derivative services related to digital currency in the place where it is issued. Such as the establishment of digital currency exchange, payment, digital currency financial derivatives and so on
the issuers of digital currency trading license are generally the National Central Bank and financial regulatory agencies, of course, the participation of legal departments is also very important. There are also great differences in the license application standards of various countries. Some countries and regions even need to apply for relevant securities, banks and funds licenses at the same time
most of the information about the current operation status of the exchange (if the exchange is currently operating) is prepared by lawyers ·
US MSB license, with low registration cost and fast application time, is the lowest application fee among the current financial licenses
we can apply for the following licenses: US MSB license, Canadian MSB license, US NFA license, Estonian MTR, UK FCA, Maltese license, Mauritian license, Singapore foundation, Singapore MAS financial supervision, blockchain license, digital currency supervision license, UAE FSRA license, Cyprus cysec license, Belize IFSC license New Zealand FSP and FMA license, Australian ASIC license, Swiss FINMA license, Seychelles FSA license, Cayman CIMA license and other global overseas regulatory licenses
At present, there are quite a lot of MSB licenses in the United States. The bigger ones are Huo coin, coin an, and the smaller domestic second and third tier exchanges are all licensed. At present, the licenses are also a trend in the future. They are all moving towards standardization, and there are more than 20 applications for licenses every month
for example: US MSB, Estonia, Australia
for example, the cost of applying for MSB license in the United States, Canadian license and Australian license is relatively lower. Japan's FSA application takes the longest time and is not recommended
Estonia has one of the most competitive tax policies in the world. Estonian profits tax is not applicable. Bitcoin and altcoins are not subject to VAT
you can apply for; Two kinds of cryptocurrency license:
&8226; Official activity licenses for service providers to exchange virtual (encrypted) currency with fiat money, including services to encrypt the exchange of decrees, encrypt to commands, and encrypt to encrypt 160; When a
transaction such as commission service is provided, it becomes an exchange service. In addition, most of them are oriented to # 160; ICO's companies
will benefit from this legal compliance license 8226; 160; Virtual (encrypted) Money Wallet service provider
wallet is a digital offline (cold wallet) and online tool (hot wallet) based on public key encryption, which is used to send and receive cryptocurrency safely. Licenses cover services that create or retain private wallet keys, while funds belong to users
rather than service providers
both cryptocurrency licenses are issued by the financial intelligence unit (FIU) of Estonia and can be applied separately or together. It will take about 30 days
materials required for us MSB license 1. Basic information of US companies
1 company registration certificate
2 articles of association or equivalent documents
3 good reputation certificate (annual review document) of the company established for more than one year
4 company Ein tax code
2. Detailed personal data of shareholders and directors of US companies (scanned passport, personal telephone, address, etc.)
3. Brief introction of the exchange (which can be written by our company)
1. Services provided by the exchange
2. Current operation status of the exchange (if the exchange is currently in operation)
3. Customer groups of the exchange
4. Types of services, Refer to the list of MSB service types< Total transaction amount: list the total transaction amount of financial procts or services issued by MSB in each indivial month in the previous 12 months, which exceeds $100000
the registration process usually takes about four weeks
Canada and Australia are similar to the United States. I hope they can help you.